Bakkt Expands Compliance Capabilities With Its First Acquisition

ice bakkt nyse

Fresh from completing its maiden funding round, Bakkt announced its first acquisition on Monday, Jan. 14, 2019. The daughter company of the Intercontinental Exchange (ICE) is also eyeing the possibility of expanding beyond the U.S. market. Bakkt Acquires RCG Back Office Bakkt announced the news of the acquisition via a Medium post by CEO, Kelly Loeffler. According to the blog post, the company is acquiring some assets of Rosenthal Collins Group (RCG), a longstanding independent futures

The post Bakkt Expands Compliance Capabilities With Its First Acquisition appeared first on Bitcoinist.com.

Read More

Russia Planning $10B Bitcoin Investment, Insists Kremlin Economist

Russia cryptocurrency

Russian economist, Vladislav Ginko, says Russia is looking to invest $10 billion in Bitcoin as the State Duma has put cryptocurrency legislation high on the agenda for 2019. Rumored $10 Billion Bitcoin Investment Ginko, an economist with ties to the Kremlin, says the Russian government will convert some of its USD reserves into Bitcoin, a move that could start as early as February. Last week, Bitcoinist first reported on the government’s rumored plans to ditch the Dollar

The post Russia Planning $10B Bitcoin Investment, Insists Kremlin Economist appeared first on Bitcoinist.com.

Read More

SEC Report: Examining Cryptocurrency a Priority in 2019

SEC EtherDelta securities

The Office of Compliance Inspections and Examinations (OCIE) of the United States Securities and Exchange Commission (SEC) listed the cryptocurrency market as one of the six focus points of its compliance monitoring activities for 2019. Spotlight on the Cryptocurrency Market According to a report titled “2019 Examination Priorities,” OCIE says it plans to shine the spotlight on the goings-on in the cryptocurrency. An excerpt from the report relating to cryptocurrencies reads: Given the significant growth

The post SEC Report: Examining Cryptocurrency a Priority in 2019 appeared first on Bitcoinist.com.

Read More

Banks in India: Don’t Touch Bitcoin Or Your Accounts Will Be Closed

India Bank

Reports on social media indicate that banks in India are threatening customers that deal in Bitcoin and other cryptocurrencies with the closure of their accounts. This move is the latest salvo from the banking industry in a country where cryptos seem all but banned. Upping the Ante On Friday (Jan. 11, 2019), Morgan Creek founder and partner, Anthony Pompliano published a tweet culled from sources in India about the latest move by banks in India

The post Banks in India: Don’t Touch Bitcoin Or Your Accounts Will Be Closed appeared first on Bitcoinist.com.

Read More

Bitmain Puts Its Mega Mining Facility Project in Texas on Ice

Texas Bitmain

Bitmain Technologies is shelving its plans to create a mega Bitcoin mining facility in Rockdale, Texas. The news comes as the Bitcoin mining behemoth continues to downsize both the scale of its operations as well as its staff numbers. $500 Million Bitcoin Mining Project on Hold According to Texas Public Radio (TPR), Bitmain his suspending its plans to build a $500 million crypto mining and data center in Rockdale. Commenting on the news, Steve Young, the

The post Bitmain Puts Its Mega Mining Facility Project in Texas on Ice appeared first on Bitcoinist.com.

Read More

Bitwise Submits Bitcoin ETF Filing Saying ‘2019 Should Be The Year’

Cryptocurrency asset management firm, Bitwise, has submitted another Bitcoin ETF filing to the United States Securities and Exchange Commission (SEC). The firm’s previous BTC ETF filing was among the ones rejected by the SEC in 2018 Physically-backed Bitcoin ETF If at first, you don’t succeed, try again. The famous maxim seems contextual for Bitwise as the firm prepares for another go at obtaining SEC approval for a Bitcoin ETF. According to a press release published on

The post Bitwise Submits Bitcoin ETF Filing Saying ‘2019 Should Be The Year’ appeared first on Bitcoinist.com.

Read More

Bitmain Replaces CEO Jihan Wu After Bitcoin Cash Gamble Fails

Bitmain Woes

Inside sources say that Bitmain Technologies plans to name a replacement CEO to take over from co-founders Jihan Wu and Ketuan Zhan. New Bitmain CEO According to the South China Morning Post (SCMP), the Bitcoin mining behemoth is looking to name a new CEO to replace the company’s co-founders. Anonymous sources say, Haichao Wang, the current Engineering Director is the front-runner for the job. While there is no official word from Bitmain, these sources say the

The post Bitmain Replaces CEO Jihan Wu After Bitcoin Cash Gamble Fails appeared first on Bitcoinist.com.

Read More

‘EU-Level Action Needed’ for Cryptocurrency, Says European Banking Authority

Europe EU banking authority eba cryptocurrency

The European Banking Authority (EBA) is calling for standardized regulations for cryptocurrency operations within the EU. Europe’s banking watchdog believes such a move will eliminate unfair regulatory arbitrage while protecting investors across the bloc. A Common Monitoring Template The EBA conveyed its clamor for a regional framework for cryptocurrency regulations in a report published on Wednesday, January 9, 2019. According to the banking regulator, such an approach would eliminate many of the risks inherent in the

The post ‘EU-Level Action Needed’ for Cryptocurrency, Says European Banking Authority appeared first on Bitcoinist.com.

Read More

Russia Plans to Ditch US Dollar for Bitcoin, Says University Professor

Russia Putin

A Russian university lecturer with ties to the government says the Kremlin will soon begin investing massively in Bitcoin as a way of avoiding new U.S. sanctions, a move that could happen “in a matter of weeks.” Russia to Buy Some ‘Digital Gold’? Speaking exclusively to Micky, Vladislav Ginko of the Russian Presidential Academy of National Economy and Public Administration believes new U.S. sanctions will push the Kremlin into diversifying its cash reserves into Bitcoin.

The post Russia Plans to Ditch US Dollar for Bitcoin, Says University Professor appeared first on Bitcoinist.com.

Read More

Malta Gov’t Committed to ‘Blockchain Island’ Vision Despite Criticism

Malta

Malta’s government has hit back at recent claims by the opposition leader, Adrian Delia, about its silence and inaction concerning the cryptocurrency market. Committed to the ‘Blockchain Island’ Vision In an interview with the Nationalist Party’s NET FM, Delia declared that the prolonged cryptocurrecy bear market was a cause for concern for many stakeholders. He expressed concerns over the government’s silence in the matter saying investors had a right to know the government’s position given

The post Malta Gov’t Committed to ‘Blockchain Island’ Vision Despite Criticism appeared first on Bitcoinist.com.

Read More